H/2 Credit Manager LP
H/2 Credit Manager LP reported 16 US-listed holdings worth $526.3 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Diversified Healthcare Trust (22.6%), RLJ Lodging Trust (21.6%) and Summit Hotel Pptys Inc. (12.2%). Against the quarter before, it opened 0 positions, added to 1, trimmed 2 and sold out of 3.
The 14 largest of its 16 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +25.2% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Added to 1
- Sunstone Hotel Investors, Inc. SHO+598,184 shares · +21%
Trimmed 2
- Diversified Healthcare Trust DHC-2.1 million shares · -14%
- DiamondRock Hospitality Co. DRH-92,866 shares · -2%
Sold out of 3
- Veris Residential Inc. VRE$103.3 million last quarter
- Pebblebrook Hotel Trust PEBPRF$4.8 million last quarter
- Pebblebrook Hotel Trust PEBPRE$2.0 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Diversified Healthcare Trust DHC | 12.8M | $119.2 million | 22.65% | -2.1M |
| RLJ Lodging Trust RLJ | 9.6M | $113.6 million | 21.58% | no change |
| Summit Hotel Pptys Inc. INN | 9.1M | $64.0 million | 12.16% | no change |
| DiamondRock Hospitality Co. DRH | 4.0M | $48.5 million | 9.22% | -92.9K |
| Park Hotels & Resorts Inc. PK | 3.2M | $45.1 million | 8.56% | no change |
| Sunstone Hotel Investors, Inc. SHO | 3.4M | $38.8 million | 7.37% | +598.2K |
| Bxp, Inc. BXP | 268.1K | $17.8 million | 3.38% | no change |
| Sabra Health Care REIT, Inc. SBRA | 900.0K | $17.6 million | 3.34% | no change |
| Kite Realty Group Trust KRG | 560.0K | $15.9 million | 3.02% | no change |
| Host Hotels & Resorts, Inc. HST | 586.0K | $13.9 million | 2.64% | no change |
| Howard Hughes Holdings Inc. HHH | 140.3K | $10.0 million | 1.91% | no change |
| Chatham Lodging Trust CLDT | 595.0K | $7.9 million | 1.50% | no change |
| Kimco Realty Corp. KIM | 300.0K | $7.6 million | 1.44% | no change |
| Brixmor Property Group Inc. BRX | 200.0K | $6.3 million | 1.20% | no change |
| Alexanders Inc. ALX | 1.0K | $276,000 | 0.05% | no change |
| RLJ Lodging Trust RLJPRA | 2.0K | $49,000 | 0.01% | no change |